Angola: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Angola

The Angolan market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced slightly to $X in 2021, waning by -3.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Angola

After two years of decline, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 2,014% to X tons in 2021. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2021. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Angola, accounting for a 79% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to South Africa exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. Congo (X kg) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to South Africa stood at +123.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+51.9% per year) and Congo (0.0% per year).

In value terms, South Africa ($X) remains the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Angola, comprising 62% of total exports. The second position in the ranking was held by the United States ($X), with a 23% share of total exports. It was followed by Congo, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to South Africa stood at +155.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+58.1% per year) and Congo (0.0% per year).

Export Prices by Country

In 2021, the average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, picking up by 4.8% against the previous year. Over the period under review, the export price, however, saw a pronounced reduction. The growth pace was the most rapid in 2018 when the average export price increased by 114% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+47.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Angola

In 2021, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) into Angola shrank to X tons, reducing by -1.6% compared with 2020. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 23%. Over the period under review, imports of attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded remarkably to $X in 2021. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 57% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier to Angola, with a 41% share of total imports. Moreover, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, Namibia (X tons), fourfold. South Africa (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (+28.9% per year) and South Africa (+19.3% per year).

In value terms, Japan ($X), China ($X) and South Africa ($X) constituted the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to Angola, together accounting for 48% of total imports. These countries were followed by Portugal, the United Arab Emirates, Namibia, Nigeria and the United States, which together accounted for a further 22%.

Nigeria, with a CAGR of +77.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, picking up by 11% against the previous year. Over the period under review, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 37%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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